Construction Focus
Singapore Doubles Property Tax for Foreign Buyers in Effort to Cool Market
In a move to address concerns over the affordability of housing for locals and maintain its position as a competitive financial hub, Singapore has raised taxes on property purchases. The Ministry of Finance, National Development Ministry, and Monetary Authority of Singapore have jointly announced that stamp duties for foreign buyers will increase from 30% to […]
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Bentley Systems Announces Infrastructure Projects Achieve Measurable Results with LumenRT for NVIDIA Omniverse, Powered by iTwin
Creation of Immersive 3D/4D Experiences Enhances Visualization and Simulation of Infrastructure Digital Twins for Improvements in Communication and Collaboration Bentley Systems announced how infrastructure organizations across industries and around the globe are leveraging the power of LumenRT for NVIDIA Omniverse, powered by iTwin, a solution enabling infrastructure organizations to create compelling visualizations and project deliverables […]
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Cambodia to Establish Embassy in Brazil to Strengthen Diplomatic Ties
The Royal Government of Cambodia has recently announced its decision to establish an Embassy of the Kingdom of Cambodia in the Federal Republic of Brazil, according to Sub-Decree No. 77 issued on 24 April 2023. The Embassy, located in the capital city of Brasilia, will be headed by a Chief of Mission who will have […]
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Korean Auto Parts Manufacturer YURA Harness Plans to Establish a Research and Development Center in Cambodia
Korean auto parts manufacturer YURA Harness (Cambodia) Co., Ltd. is set to establish a research and development center in Cambodia, following the successful inauguration of its wiring assembly plant in Kampong Speu province. This development was announced during a meeting between the delegation of YURA Harness (Cambodia) Co., Ltd. and the Minister of Industry, Science, […]
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PP-SR Expressway Runs Through 5 Cities-Provinces while the feasibility study will end in May
The Cambodian government is moving forward with the Phnom Penh-Siem Reap Expressway project, which will connect the two cities by crossing five provinces, according to a feasibility study set to be completed by the end of May. Senior Minister of Public Works and Transport, HE Sun Chanthol, recently confirmed the progress of the project, stating […]
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Gov’t Approves 7 Investment Projects Worth Over US$ 60M in Kampong Speu, Kandal and Phnom Penh
The Investment Committee of Cambodia of the Council for the Development of Cambodia (CDC) has announced its approval of seven investment projects worth over US$60 million. The projects will establish factories in Kampong Speu, Kandal, and Phnom Penh, and are expected to create 11,867 new job opportunities for Cambodian people. Among the approved companies is […]
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Phnom Penh Municipal Court to Relocate to State-of-the-Art School of Justice in OCIC Development Zone
The Phnom Penh Municipal Court and Prosecutor’s Office are set to relocate to a new location in the OCIC Development Zone, according to an announcement by the Phnom Penh Municipal Court on 26 April 2023. The move is scheduled to take place on 12 June 2023. The Phnom Penh Municipal Court will move from its […]
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FACT to Develop Two Projects as Community Tourism Destination around Tonle Sap Lake
Fisheries Action Coalition Team (FACT) has launched two new projects to promote the rights of local communities towards the sustainability of fisheries resources in the Tonle Sap Lake and to conserve biodiversity and climate change in the area. The organization aims to develop Kampong Thom, Kampong Chhnang, and Pursat provinces as a community tourism destination […]
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Artificial river in Tbong Khmum will become a new tourist destination as authorities develop smart areas
Tbong Khmum Provincial Administration is transforming an artificial river near the provincial administrative Borey into a SMART AREA for tourism, creating a new tourist destination. According to HE Dr. Cheam Chansophoan, Governor of Tbong Khmum Province, in a press conference on “Success in the past 5 years” on 20 April 2023. HE Governor explained that […]
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A Big Electrical Wiring Factory in Kampong Speu Officially Opens
YURA Harness Cambodia Car Electronics Factory was officially inaugurated on 25 April 2023, under the high presidency of HE Hun Many, Member of National Assembly of Kampong Speu Province, and HE Vy Samnang, Governor of Kampong Speu Province. The factory, located in Toul Thnong village, Rokar Thom commune, Chbar Morn city, Kampong Speu province, represents […]
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